Job mobility, reallocation and wage growth: A tale of two countries
This paper analyses the role of job mobility for job reallocation and aggregate wage growth in Norway and the United States using linked employer-employee data. It provides four main findings. First, despite lower overall job mobility in Norway, the speed of worker reallocation from low-wage to high...
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| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2021
|
| Schriftenreihe: | OECD Social, Employment and Migration Working Papers
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1787/807becdf-en |
| Zusammenfassung: | This paper analyses the role of job mobility for job reallocation and aggregate wage growth in Norway and the United States using linked employer-employee data. It provides four main findings. First, despite lower overall job mobility in Norway, the speed of worker reallocation from low-wage to high-wage firms is similar to that in the United States. Second, job reallocation tends to be counter-cyclical in Norway, but pro-cyclical in the United States, due to the weaker tendency of high-wage firms in the United States to hoard workers during economic downturns. Third, the reallocation of workers from low to high wage firms through job-to-job mobility disproportionately benefits high-skilled workers in Norway and low-skilled workers in the United States. Fourth, the slowdown in aggregate wage growth primarily reflects a weakening of on-the-job wage growth in both countries rather than a reduced role of job reallocation between low and high-wage firms (although this does also play a role in the United States) |
| Umfang: | 1 Online-Ressource (39 Seiten) |
| DOI: | 10.1787/807becdf-en |
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| language | English |
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| publisher | OECD Publishing |
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| series2 | OECD Social, Employment and Migration Working Papers |
| spellingShingle | Hijzen, Alexander Job mobility, reallocation and wage growth A tale of two countries Employment Social Issues/Migration/Health Norway |
| title | Job mobility, reallocation and wage growth A tale of two countries |
| title_auth | Job mobility, reallocation and wage growth A tale of two countries |
| title_exact_search | Job mobility, reallocation and wage growth A tale of two countries |
| title_full | Job mobility, reallocation and wage growth A tale of two countries Alexander Hijzen, Wouter Zwysen and Mats Erik Lillehagen |
| title_fullStr | Job mobility, reallocation and wage growth A tale of two countries Alexander Hijzen, Wouter Zwysen and Mats Erik Lillehagen |
| title_full_unstemmed | Job mobility, reallocation and wage growth A tale of two countries Alexander Hijzen, Wouter Zwysen and Mats Erik Lillehagen |
| title_short | Job mobility, reallocation and wage growth |
| title_sort | job mobility reallocation and wage growth a tale of two countries |
| title_sub | A tale of two countries |
| topic | Employment Social Issues/Migration/Health Norway |
| topic_facet | Employment Social Issues/Migration/Health Norway |
| url | https://doi.org/10.1787/807becdf-en |
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